BlackRock’s Rick Rieder says CPI gives Fed justification for a half-point cut in September
This story originally appeared on: CNBC - Author:Yun Li
Social Security beneficiaries may see a slightly higher inflation adjustment to their benefits in 2026, based on new estimates from the latest inflation data
"We expect the Fed to begin cutting rates in September, and it could be justified cutting the Funds rate by 50 basis points," Rick Rieder said
These are the stocks posting the largest moves midday
The consumer price index rose 2.7% in July on an annual basis
Some retirees need to take required withdrawals from retirement accounts by year-end
